PALO ALTO, Calif., March 29, 2007 – TIBCO Software Inc. (Nasdaq: TIBX) today announced results for its first quarter, which ended on March 4, 2007.
Total revenue for the first quarter of fiscal 2007 was $125.7 million and net income was $10.4 million, or $0.05 per diluted share. This compares to total revenue of $114.6 million and net income of $5.6 million, or $0.03 per diluted share, as reported for the first quarter of fiscal 2006.
On a non-GAAP basis, net income for the first quarter of fiscal 2007 was $15.2 million or $0.07 per diluted share, compared with $12.6 million or $0.06 per diluted share for the first quarter of fiscal 2006. Non-GAAP operating income for the first quarter of fiscal 2007 was $19.4 million, resulting in a non-GAAP operating margin of 15.4%. This compares to non-GAAP operating income of $16.8 million, or 14.7% in the first quarter of fiscal 2006.
“TIBCO delivered a strong start to our fiscal year with our Q1 results, especially in terms of cash flow and profitability,” said Vivek Ranadivé, TIBCO’s chairman and chief executive officer. “Demand for our software infrastructure platform continues to be driven by core business needs within companies and by the maturation of technology trends in SOA, BPM and predictive business.”
First Quarter Fiscal 2007 Highlights
- TIBCO closed 75 deals over $100k including 13 deals over $1 million in Q1;
- Cash flow from operations was approximately $42 million; and
- TIBCO added 48 new customers in Q1 and made significant sales to both new and existing customers, including Banco Espirito Santo, BNP Paribas, Cingular Wireless, Electronic Arts, Enel SpA, OfficeMax, Oversea-Chinese Banking Corporation, RMB Private Bank, Symantec Corporation, Telkom and Wells Fargo & Company.
Details
For more detailed information about TIBCO's fourth quarter earnings, please visit:
www.tibco.com/company/news/releases/2007/press794.pdf About TIBCO
TIBCO Software Inc. provides enterprise software that helps companies achieve service-oriented architecture (SOA) and business process management (BPM) success. With over 3,000 customers, TIBCO has given leading organizations around the world better awareness and agility—what TIBCO calls The Power of Now®. To learn more, contact TIBCO at +1 650-846-1000 or on the Web at
www.tibco.com.
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TIBCO, The Power of Now and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
About Non-GAAP Financial Information
This press release includes non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP), please see the section entitled “About Non-GAAP Financial Measures” and the accompanying table entitled “Reconciliation of GAAP to Non-GAAP Measures.”
Legal Notice Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the federal securities laws, including, without limitation, TIBCO’s ability to create products that meet the core business needs of its customers. Because these forward-looking statements involve risks and uncertainties, important factors could cause actual results to differ materially from such forward-looking statements. These factors include: TIBCO’s ability to develop and sell products that meet customer needs and TIBCO’s ability to compete with other enterprise software providers. Additional information regarding potential risks is provided in TIBCO’s filings with the SEC, including its most recent Annual Report on Form 10-K for the year ended November 30, 2006. TIBCO assumes no obligation to update the forward-looking statements included in this release.
For further information on TIBCO please contact Geertien Stuit, Marketing Manager Benelux:
Tel: NL + 31 (0)10 204 5749
Tel: BE + 32 (0) 2 535 7848
E-mail:
gstuit@tibco.com For photography, further press information or an interview please contact Marisa Pumares at LEWIS, Global Public Relations:
Tel: +31 (0)40 235 46 00
E-mail:
marisap@lewispr.com